Closing Brief

US equities saw some significant declines, with the sp -32pts @ 1965, having decisively broken the key floor of 1978. The two leaders - Trans/R2K, settled lower by -1.4% and -1.6% respectively. Near term outlook is now bearish.


sp'60min

Summary

Suffice to say.. with so many technical breaks today, the market has strongly turned in favour of the equity bears.

Primary downside target zone is 1920/00... back to the August low.

If that zone is reached, it offers up a severely bearish fourth quarter.
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More later... on the VIX